I think that we will meet another bottom price again by the end of this month before market starting rise. I thought that final bottom are when btc is on 5k level, but I was wrong. This market are very hard to predict, but maybe we could see 3k level soon.
I totally agree with you, its possible that the price could go as low as $3k if investors are still on the panic mode and pushing the sell button. But if we hit $3k, It think it slowly bounce back at this the perfect buying point for all of us.
There is already double bottom, we are really at lowest we have ever been in the last one year in Cryptocurrency. I do hope that it does not get worse going forward because it could! The current price is not looking like support for btc and ether!
There's no real support line at this point. Every resistance has been broken already so the market condition is getting worst for both Bitcoin and Ethereum.